Posted on 11/23/2009 6:24:17 AM PST by SeekAndFind
If we went back on the gold standard and had to cover all the money printed so far, gold would be over 7,600 an Oz.
We have a way to go.
Sure, the government will always find a way to get all the people’s gold back. Just ask those who were in Germany before WWII. The government called in all peoples gold and made it illegal for them to own it. Any gold being sold now is being registered so they know where to go to get it. The government will state that IT requires the Gold to run the country. My german friends, won’t touch it because they saw what happened with it in Germany during such times as this world is entering now. CO
The question isn’t how much gold will rise; it’s how much the dollar will sink. Is gold volatile or is it the dollar? Which has its value determined by legislative fiat?
Perhaps gold is essentially staying the same and only appears to be rising much like a mountain in a draining lake.
Some German refugees who came out to Australia, in the inter-war era, did have gold. Often, it was all they had, to start up again elsewhere. The currency had collapsed, it was worthless.
You betcha. My Great Grandma came to America from Germany with a lot of gold coins sewn into the hem of her skirt and her coat.
I’m following your lead, Grandma Emma! ;)
I guess it was timing and the place. My friends did not fare so well. My friend, Bettina was the daughter of a surgeon and they lost - EVERYTHING!! CO
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